New Issue: JPMorgan sells $3.46 million capped buffered return enhanced notes on Russell

By Tali Rackner

Norfolk, Va., May 9 – JPMorgan Chase & Co. priced $3.46 million of 0% capped buffered return enhanced notes due April 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any index gain, subject to a maximum return of 23%.

If the index drops by up to 10%, the payout will be par. Investors will lose 1% for every 1% the index declines beyond the 10% buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying index:	Russell 2000
Amount:	$3,459,000
Maturity:	April 30, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus two times times any index gain, capped at 23%; par if index falls by up to 10%; 1% loss for every 1% index falls beyond 10%
Initial level:	1,150.728
Pricing date:	April 26
Settlement date:	April 29
Agent:	J.P. Morgan Securities LLC
Fees:	0.026525%
Cusip:	48128GSE1

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